Seller Details:
Marcum Wealth is an independent fee-based wealth management firm headquartered in Cleveland, OH with $4.3 billion in AUM as of December 31, 2024. Founded in 2006, the firm provides comprehensive financial planning and wealth management services for multi-generational families along with exit planning and retirement plan solutions for business owners.
Buyer Details:
Wealth Enhancement is an independent wealth management firm that offers comprehensive and customized financial planning and investment management services to high-net-worth clients nationwide. Backed by TA Associates and Onex, WE serves over 62,000 households from their 140+ offices.
Transaction Summary:
Wealth Enhancement (“WE”) announced that it has signed a definitive agreement to acquire Marcum Wealth, LLC (“Marcum”). WE will acquire 100% of Marcum Wealth’s equity, which is primarily owned by a broad group of its advisors, with a minority stake held by Marcum LLP (now part of CBIZ). The transaction is expected to close in May of 2025.